ROFO Deposit definition

ROFO Deposit has the meaning set forth in Section 11.2(b).
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ROFO Deposit is defined in Section 9.6(a) (for purposes of the Asset Sale ROFO Provisions) and in Section 14.8(a) (for purposes of the Interest Sale ROFO Provisions).
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ROFO Deposit. As defined in Section 10(b).
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Examples of ROFO Deposit in a sentence

  • In the event that the Other Member elects to deliver a ROFO Acceptance pursuant to Section 9.1.4 above, the closing of the purchase and sale contemplated thereby shall occur on a mutually acceptable date, not more than one hundred and twenty (120) days after the delivery of the ROFO Acceptance, through a “New York style” closing with the title company holding the ROFO Deposit.

  • The ROFO Deposit shall be nonrefundable to AIR (except in the event of a material default of DevCo in performing its closing obligations pursuant to the purchase and sale agreement for the transaction, which shall be in the form attached to the form of Standard Lease (which is attached hereto as Exhibit A)).

  • The failure of the Other Member to deliver the ROFO Deposit within one (1) Business Day shall result in the ROFO Acceptance being deemed ineffective automatically, and without any additional action required by the Initiating Member.

  • The ROFO Deposit shall be delivered within five (5) Business Days following the delivery of the Acceptance Notice, by transfer of immediately available funds to a national title insurance company reasonably acceptable to DevCo, who shall perform the services of escrow agent for the closing of the ROFO Property.

  • The ROFO Deposit shall be refundable to the Forced Sale Responding Member except in the event the ROFO Closing does not occur as a result of a default by the Forced Sale Responding Member in performing its closing obligations pursuant to this Section 12.1(c), in which case the ROFO Deposit shall be retained by the Forced Sale Initiating Member as liquidated damages in lieu of all other remedies.

  • The ROFO Deposit shall be nonrefundable to the ROFO Purchaser and shall be applied against the ROFO Purchase Price to be paid at the closing referenced below or shall be paid as liquidated damages in the event of default by the Transferring Member in performing its closing obligations pursuant to clause (ii) of this paragraph (C).

  • The balance of the ROFO Purchase Price (less the amount of the ROFO Deposit) shall be paid in immediately available funds and the Transferring Member shall convey good and marketable title to its Membership Interest to ROFO Purchaser or its designee free and clear of all encumbrances.

  • If as a result of a default of Forced Sale Responding Member under this Section 12.1(c) the ROFO Closing is not consummated, then the Forced Sale Initiating Member shall be entitled to retain the ROFO Deposit as liquidated damages in lieu of all other remedies, and the Forced Sale Responding Member shall be prohibited from sending a Forced Sale Notice for a period ending on the two (2) year anniversary of the ROFO Closing Date.

  • ROFO Escrow Agent’s duties hereunder shall be limited to the safekeeping of the ROFO Deposit received by it as ROFO Escrow Agent (and interest and income earned thereon) and for its disbursement in accordance with this Escrow Agreement.

  • Escrow Agent shall hold the ROFO Deposit (or portions thereof) as provided above and shall continue to hold and shall disburse the ROFO Deposit (or portions thereof) in accordance with the terms of the LP Agreement.


More Definitions of ROFO Deposit

ROFO Deposit has the meaning set forth in Section 9.1.4 of this Agreement.
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ROFO Deposit has the meaning set forth in subsection 3.3(b).
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ROFO Deposit shall have the meaning set forth in Section 13(b) hereof. “Sale Notice” shall have the meaning set forth in Section 13(b) hereof. “Sale Price” shall have the meaning set forth in Section 13(b) hereof. “Sale Response Date” shall have the meaning set forth in Section 13(b)
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ROFO Deposit shall having the meaning assigned to such term in Section 2(b)(i). 2(b)(i).
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ROFO Deposit shall have the meaning given such term in the Bridge Equity Providers Agreement.
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Related to ROFO Deposit

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Initial Reserve Account Deposit means $3,000,000.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).